Ben Davies – This Could Ignite The Gold Market On Monday
August 17, 2012
Today Ben Davies spoke with King World News about what he believes could light a fire under the gold market on Monday. Here is what the rising star had to say: “We’re trend ready, Eric. I think this is a prescient time to be coming on the show. The market has been acquiescing over the summer months, which has been good because it gave us all a chance to enjoy the Olympics. Some people are a bit frustrated with the lack of performance, but I think this is all extremely healthy (action).”
Hinde Capital CEO Ben Davies continues:
“With most of the European Parliament on holiday, there’s been a bit of an impasse with regards to the eurozone situation, which has clearly been driving events of late. There are rumors today that Spain, over the weekend, will ask for a bailout. So that’s going to be an interesting dynamic for the gold market on Monday.
I would say that a bailout means more monies need to be provided in various guises….